Property Overview
This two-storey home at 766 Sturgeon Road in Winnipeg's Heritage Park neighbourhood presents a compelling opportunity. Built in 1985, it stands out for its generous proportions on a large 9,187 sqft lot. With 2,089 sqft of living space, it offers significantly more room than most area homes. Its appeal lies in this spaciousness combined with a renovated basement, providing flexible living or storage options. The property ranks highly within its immediate area for lot size, living area, and assessed value, suggesting a well-positioned asset in a mature community.
It would suit buyers looking for a established home with room to grow, either indoors or outdoors, without the premium of a brand-new build. It's particularly suited for those who value space over flashy updates, and for owner-occupiers or investors who recognize the value of a property that outperforms its direct neighbours on key metrics like size and municipal assessment.
Frequently Asked Questions
1. How does the age of the home (1985) affect its condition and potential needs?
While newer than many nearby comparables from the 1960s, a home of this age will likely have core systems (roof, windows, furnace) approaching or in need of mid-life updates. A thorough inspection is advised, but its more modern construction can be an advantage over older neighbourhood stock.
2. The assessed value seems low relative to the size. What does this indicate?
Municipal assessments are for tax purposes and don't always reflect current market value. However, a consistently high percentile rank (top 10% on its street, top 1% in the neighbourhood) strongly indicates the city views this as one of the more substantial, valuable properties in the area—a positive sign for underlying value.
3. There is no garage. How big of an issue is this?
This is a trade-off for the large lot. The absence of a garage is a practical consideration for vehicle storage, especially in winter, but the lot size presents a clear opportunity to add one, subject to permits and bylaws, which many smaller lots in the area cannot easily accommodate.
4. The home ranks very high for living area but lower for "year built" city-wide. What does this mean?
This highlights the property's specific character. In the broader Winnipeg context, there are many newer homes. However, within its own established neighbourhood, it offers much more interior space than typical. It appeals to those prioritizing space within a specific, mature community over a newer home in a different area.
5. What is the significance of the "renovated basement"?
A renovated basement adds immediate functional living space, which is a key asset. It's important to clarify the scope, quality, and permits of this renovation, as it can range from cosmetic updates to a fully legal secondary suite, which would significantly impact utility and value.